FWIA.DE vs. MEUD.L

Last updated Jun 5, 2026

FWIA.DE (Invesco FTSE All-World UCITS ETF Acc) and MEUD.L (Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc) are both exchange-traded funds - FWIA.DE is a Global Equities fund tracking the FTSE All-World, while MEUD.L is a Europe Equities fund tracking the MSCI Europe NR EUR. Both are passively managed. Over the past year, FWIA.DE returned 26.93% vs 18.07% for MEUD.L. A 0.67 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.

Performance

FWIA.DE vs. MEUD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco FTSE All-World UCITS ETF Acc (FWIA.DE) and Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FWIA.DE is traded in EUR, while MEUD.L is traded in GBp. To make them comparable, the MEUD.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, FWIA.DE achieves a 12.60% return, which is significantly higher than MEUD.L's 8.97% return.

FWIA.DE

• 1D: -0.22%
• 1M: 3.01%
• YTD: 12.60%
• 6M: 14.34%
• 1Y: 26.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MEUD.L

• 1D: 1.67%
• 1M: 4.00%
• YTD: 8.97%
• 6M: 11.36%
• 1Y: 18.07%
• 3Y*: 14.12%
• 5Y*: 9.78%
• 10Y*: 10.08%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FWIA.DE vs. MEUD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FWIA.DE Invesco FTSE All-World UCITS ETF Acc	12.60%	9.02%	24.70%	7.98%
MEUD.L Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc	8.97%	19.91%	8.66%	6.39%

Correlation

The correlation between FWIA.DE and MEUD.L is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023	0.67

The correlation between FWIA.DE and MEUD.L has been stable across timeframes, ranging from 0.67 to 0.69 - a consistent structural relationship.

Return for Risk

FWIA.DE vs. MEUD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FWIA.DE

FWIA.DE Risk / Return Rank: 77
FWIA.DE Sharpe Ratio Rank: 74
FWIA.DE Sortino Ratio Rank: 74
FWIA.DE Omega Ratio Rank: 76
FWIA.DE Calmar Ratio Rank: 80
FWIA.DE Martin Ratio Rank: 83

MEUD.L

MEUD.L Risk / Return Rank: 50
MEUD.L Sharpe Ratio Rank: 53
MEUD.L Sortino Ratio Rank: 53
MEUD.L Omega Ratio Rank: 56
MEUD.L Calmar Ratio Rank: 43
MEUD.L Martin Ratio Rank: 46

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FWIA.DE vs. MEUD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE All-World UCITS ETF Acc (FWIA.DE) and Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FWIA.DE	MEUD.L	Difference
Sharpe ratio: Return per unit of total volatility	2.36	1.42	+0.94
Sortino ratio: Return per unit of downside risk	3.31	2.07	+1.24
Omega ratio: Gain probability vs. loss probability	1.44	1.26	+0.18
Calmar ratio: Return relative to maximum drawdown	4.08	1.89	+2.19
Martin ratio: Return relative to average drawdown	16.52	7.25	+9.27

FWIA.DE vs. MEUD.L - Sharpe Ratio Comparison

The current FWIA.DE Sharpe Ratio is 2.36, which is higher than the MEUD.L Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of FWIA.DE and MEUD.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FWIA.DE vs. MEUD.L - Drawdown Comparison

The maximum FWIA.DE drawdown since its inception was -20.96%, smaller than the maximum MEUD.L drawdown of -36.19%. Use the drawdown chart below to compare losses from any high point for FWIA.DE and MEUD.L.

Drawdown Indicators

	FWIA.DE	MEUD.L	Difference
Max Drawdown Largest peak-to-trough decline	-20.96%	-36.19%	+15.23%
Max Drawdown (1Y) Largest decline over 1 year	-6.49%	-9.53%	+3.04%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.58%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.75%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.19%	—
Current Drawdown Current decline from peak	-0.62%	0.00%	-0.62%
Average Drawdown Average peak-to-trough decline	-2.43%	-7.56%	+5.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	2.49%	-0.89%

Volatility

FWIA.DE vs. MEUD.L - Volatility Comparison

The current volatility for Invesco FTSE All-World UCITS ETF Acc (FWIA.DE) is 2.96%, while Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L) has a volatility of 3.52%. This indicates that FWIA.DE experiences smaller price fluctuations and is considered to be less risky than MEUD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FWIA.DE	MEUD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.96%	3.52%	-0.56%
Volatility (6M) Calculated over the trailing 6-month period	8.09%	10.41%	-2.32%
Volatility (1Y) Calculated over the trailing 1-year period	11.22%	12.69%	-1.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.17%	16.42%	-3.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.17%	17.59%	-4.42%

FWIA.DE vs. MEUD.L - Expense Ratio Comparison

Both FWIA.DE and MEUD.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

FWIA.DE vs. MEUD.L - Dividend Comparison

Neither FWIA.DE nor MEUD.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FWIA.DE and MEUD.L in my portfolio?

FWIA.DE and MEUD.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FWIA.DE or MEUD.L?

Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FWIA.DE or MEUD.L?

FWIA.DE and MEUD.L have the same expense ratio: 0.15% per year.

What is the main difference between FWIA.DE and MEUD.L?

FWIA.DE is categorized as Global Equities, while MEUD.L is Europe Equities. FWIA.DE tracks FTSE All-World, while MEUD.L tracks MSCI Europe NR EUR. They also come from different issuers: Invesco and Amundi.